Vedanta seeks $450 million to repay top-performing junk bondsVedanta's notes maturing in April 2026 were among the top performers in India's high-yield sector last year, delivering an 80% return as Ag...
RBI to come out with norms for securitising stressed loansRBI is set to release final guidelines for securitisation of stressed assets, potentially initiating a junk bond market in India.
View: Bad bank is a good idea, but India's debt-laden banks need a better planHow does one make bad loans seamlessly move from banks to investors who love dealing in junk? How does one make such deals part of a normal...
Another source of much-needed cash dries up for Indian firmsLocal firms have secured $1.4 billion from offshore loans since April 1.
Wall Street looks to jumpstart junk-debt deals of riskier companiesJunk-debt offerings may start to be unleashed as soon as the long weekend is over.
Overseas banks show appetite for junk bondsBanks including Barclays and Deutsche snapping up bonds of cos such as DHFL, RCap and Altico Capital
Stacks of junked notes lying with cooperative banks: Sharad PawarFollowing the withdrawal of old 500 and 1000 rupee notes from circulation on November 8, 2016, the junked currency was allowed to be deposi...
Indian junk's strange allure has investors in a stuporHigh-yield companies in India have mostly been prevented from borrowing abroad by rules that set a limit of 5 percentage points over Libor.
Debt securities sell like hot cake abroad; fetches $19 billion in 2014The interest in forex debt received a further fillip due to the rupee funds remaining costly for the third year in a row.
Higher cash payout dampens junk loan marketHigher cash payout has prompted ARCs to reduce the valuation of the loan. But this has not gone down too well with the commercial banks.
Why are not banks getting rid of bad loans?Banks are holding back irrecoverable loans on their books, unwilling to accept the price that buyers are willing to fork out.
- Finance ministry drafts incentive scheme for asset reconstruction companies to reduce junk assets
Government has thrown new rules at state-owned banks, nudging them to salvage their junk loans, which have strained balance sheets and re-p...
- Ford Motor reclaims 'heritage' with investment-grade rating
Ford Motor was raised to investment grade by Moody's enabling Bill Ford to reclaim the blue oval logo he put up as collateral for a loan.
Banking on past could backfireRating agencies had a big role to play in creating and expanding the market for securitised debt. Biggest flaw has been in the rating of se...
- Merge, pile on debt, then we’ll come to rescue
Investment banking (I-banking) is a wonderful business.
- Indian Bank to offload Rs 1,500-crore bad loan portfolio in biggest junk sale
The financial market will soon see the country’s biggest junk loan deal. State-owned Indian Bank has decided to sell all its bad loans at o...
- Barclays to buy 10% in Arcil from ICICI
Stocks, real estate and now junk loans, a market where the action seems to be hotting up.